I traveled back to Syracuse this weekend. The weather was glorious. I managed to see many old friends and spend time cruising the shores of Lake Ontario in a 1965 Lyman. Sackett’s Harbor and Henderson. What a treat. Lake was glass…..

Now as for these markets…all are lower and under pressure. The dollar is up. There were no surprises from the cotton option expry, although coffee did see 10 of the 130 put’s abandoned? July Sugar options go off this afternoon.

Must lean negative and forget about bottom picking. Why? Well can you give me any good reason to want to buy? Markets are not oversold and looking for a turnaround here just doesn’t make sense.

For now holding no positions, having covered everything before leaving on Thursday. Standing aside, looking for a shot to establish shorts is likely.

This entry was posted on Monday, June 15th, 2009 at 10:26 am and is filed under Energies. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.